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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
  • Contact
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

Coachella Valley Real Estate Market Report 2019

2019 Coachella Valley Annual Real Estate Report
and 2020 Projections  

Coachella Valley Real Estate Market Update

 

Coachella Valley Real Estate Market
Our market has become more year round with the number of sales during the summer months exceeding sales during “season” in the past two years running.

 

 

 

WHO WERE THE HOME BUYERS
Remote Owners represented 50% of our home buyers who were looking for a second home or investment property.  Nearly 68% of those Remote Owners came from other California cities, followed in numbers by Washington state. Canadian Home Buyers are making an appearance again, with 14% of the Remote Owners coming from Canada.

Coachella Valley Real Estate Drive from LA to PSHome Buyers from other metropolitan markets; especially our drive markets such as Los Angeles, Orange County and San Diego see great value here in  Coachella Valley Real Estate.  Baby Boomers are cashing out from other areas, and looking for a Lifestyle in their retirement; that’s largely what’s driving home sales in the Coachella Valley.  Our sunny blue skies are pretty inviting, compared to snow and rain in other parts of the country.

See All of the Homes for Sale in the Desert HERE

WHAT WERE THE HOME BUYERS LOOKING FOR?

Coachella Valley Real Estate Home Buyers want Smaller HomesBigger is not necessarily better in the case of our home buyer demographic.  Aging Boomers want a simpler lifestyle and a home that requires less maintenance.  Great Room Living, Each Bedroom with en-suite baths, Master Suite separate from the Guest Bedrooms, No Stairs and Light and Bright inside – with the current design trends showing Sleek White Gourmet Kitchens. Outdoor Living is a Must with Covered Outdoor Seating and Outdoor Kitchen / BBQ, most home buyers want a private pool and Views.

HOME BUYERS WANT TO BE WHERE THE ACTION IS

Coachella Valley Real Estate Vision San PabloWith more and more commercial development and signature events going on here in the desert,  growth is on a fast pace and home buyers want to be where the action is. The Coachella Valley has an attractive lifestyle and home prices are a bargain comparatively speaking.

 

COACHELLA VALLEY REAL ESTATE BY THE NUMBERS
Coachella Valley Real Estate The Numbers
2019 Coachella Valley Real Estate had 9,787 sales.  That number is down about 5% from the 10,295 units that sold in 2018.  The reason is mostly due to a lack of inventory, (3.9 month supply of homes on the market), but price sensitivity is also a factor.

 

VALLEY HOUSING INVENTORY

Coachella Valley Real Estate Housing Inventory

January 1, 2020 there were 3,200 units for sale vs 3,398 units for sale January 1, 2019. The valley median price for detached homes was $425,000 up 9% in 2019.  Median prices for attached homes was also up, 2% at  $279,000.

 

 

The Luxury Home Market has seen in increase in both home value and sales.  The California Desert Association of Realtors reports in the million dollar plus market, there was a 22% increase in sales in the 4th quarter of 2019.

CHECK OUT THESE LUXURY RESORT PROPERTIES

Coachella Valley Luxury Country Club Sales  2019 vs 2018
COUNTRY CLUB 2018  SALES   2018 AVERAGE SALE PRICE   2019
SALES
  2019 AVERAGE
SALE PRICE
 
Andalusia 32 $ 1,439,578 27 $ 1,581,415
BIGHORN 36 $ 3,892,153 31 $ 3,688,519
Eldorado CC 4 $ 1,713,750 16 $ 2,260,250
Indian Wells  CC 45 $ 1,154,953 23 $ 1,044,192
Ironwood CC 22 $    958,364 18 $ 1,422,800
Mission Hills CC 30 $    914,666 44 $ 1,043,920
Mountain View 42 $    881,012 25 $    866,619
PGA West 121 $    890,691 111 $    964,449
Tamarisk CC 14 $ 1,090,643 12 $  1,181,742
The Citrus Club 46 $   871,464 48 $    900,020
The Hideaway 28 $ 2,434,571 44 $  2,467,545
The Madison 8 $ 6,275,000 6 $ 6,529,167
The Palms 9 $    873,333 9 $    821,555
The Reserve 11 $ 1,750,000 14 $ 2,176,607
The Quarry 2 $ 2,856,750 2 $ 2,492,500
Thunderbird  CC 7 $ 1,640,000 5 $    721,800
Toscana CC 37 $ 1,965,600 38 $ 2,171,903
Tradition GC 22 $ 2,409,431 22 $ 2,449,045
Vintage CC 11 $ 3,271,818 13 $ 3,081,154

 

National Housing MarketThe National Real Estate Outlook
Home prices increased across the country in 2019 and experts predict the National Housing Market will remain strong through 2020 in the January Forbes article: “Five Housing Market Predictions for 2020” they cite crazy rents in the luxury apartment market is driving Millennials to buy instead of rent.  More aging Baby Boomers are expected to sell their homes looking to transition into smaller homes with less maintenance.  Some estimates say as much as 27% of the housing inventory in the country could hit the market between now and 2040, easing the housing shortage.  The National Association of Home Builders report home builder confidence is at a 20 year high, paving the way for a boom in new home construction.  That combined with low mortgage rates the outlook for 2020 is strong.

CA Homes Map

California Real Estate Outlook
The median home price in California was up about 4.1% in 2019, while the number of sales were down slightly.   The California Association of Realtors forecast a similar uptick in prices through 2020. Housing affordability, (just 32% of households can afford a median priced home),  and low inventory have been an ongoing challenge in California, mortgage interest rates at near historic lows are giving home buyers more buying power.

 

 

 

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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